Table of Contents
Average Cost to Finish a Basement Type of Cost Cost Average Cost $18,400 Highest Cost $80,000 Lowest Cost $3,000.
How much does it cost to frame a 1000 sq ft basement?
Cost to Frame a Basement Square Feet Materials Cost Framed and Drywall Installed 1,000 $1,000 $3,050 1,200 $1,200 $3,660 1,500 $1,500 $4,575 1,800 $1,800 $5,490.
Is it worth it to remodel a basement?
Many people wonder if finishing their basement is worth the time, effort, and money to remodel their downstairs space. To answer that directly, yes, finishing your basement will almost always increase the value of your property. The standard return is around 70%, according to Remodeling.HW.net.
Does finishing basement increase home value?
While finishing the basement certainly adds to the value of a home, it’s not always as significant as you might think. According to Remodeling Magazine, the national average for recouping basement finish or remodeling cost is 79%. Resale Value done by Remodeler Magazine.
Which flooring is best for basement?
What basement flooring options and materials are the best? The best type of flooring for basements is vinyl. Vinyl flooring can come in the form of vinyl plank and vinyl tile, giving it the ability to look nearly identical to hardwood and stone products with the added benefit of being waterproof.
How do you budget to finish a basement?
In terms of average costs, you can expect to spend anywhere from $2,800 to as much as $34,500 for a basement finishing project, which is about $7 to $23 per square foot, including labor and materials, according to Angi.
Can I finish my basement myself?
The basic steps to finish your basement include insulating walls, choosing flooring and adding a ceiling to transform your lower level into an additional living area.
Can you get sick from living in a basement?
Can you get sick from living in a basement? Yes, you can get sick from living in a basement due to stagnant airflow and the buildup of moisture. The air quality in your typical basements is deficient, which can cause you to become anywhere from slightly to gravely ill.
What adds the most value to a home?
What Home Improvements Add the Most Value? Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. Bathrooms Improvements. Updated bathrooms are key for adding value to your home. Lighting Improvements. Energy Efficiency Improvements. Curb Appeal Improvements.
Do walk out basements count as square footage?
A basement must have a legal ingress or egress to count as square footage. This is partially a safety issue. However, sometimes only the above-grade square footage of a walk-out basement is included in the home’s total square footage.
Does adding a bathroom in the basement add value?
Adding a bathroom to your basement makes it livable space, which increases the overall market value of your home. A bathroom in your basement can also be a huge selling point for buyers if you are ever looking to sell. When a basement is unfinished with no bathroom, buyers look at the basement as wasted space.
Do you need a subfloor in a basement?
Subfloors are not always necessary but they are beneficial wherever they can be installed. They only come into play when you want to expand downward and make your basement a warm, livable space. If you don’t plan to use the space, there is no need for a subfloor or floor covering.
Is carpet OK in basement?
Carpeting is one of the best flooring materials to use in basements. Besides making cold basements feel warmer and more welcoming, carpeting actually can dry out quickly, even when flooded.
Can you put vinyl plank on concrete?
It is a resilient flooring material with high resistance to water and staining. Moreover, vinyl planks are affordable and have an option of “do it yourself” that comes with easy installation features. Vinyl plank installation on concrete makes the floor warm and comfortable.
How can I save money to remodel my basement?
7 ways to save on your basement remodel Opt for an inexpensive, prefabricated egress window and well. Test exterior walls for moisture before finishing. Cut out some studs. Install drop ceilings. Skip the carpet and install luxury vinyl tile instead. Add a bathroom (or at least a half bath) near existing plumbing.
What can I use for basement walls instead of drywall?
Finishing Basement Walls Without Drywall: Options and Paint. Basement Panels. Wood Fiberboard. Fabric. Vinyl and Wallpaper. Stone Veneer. Pargeting. Exposed Brick.
How much does it cost to drywall a basement ceiling?
Drywall: It costs around $1.50 per square foot to hang drywall in your basement. Ceiling: Basic ceiling installation can cost as little as $1-2 per square foot. But, if the project is complex, it can cost around $6 per square foot.
What is a Yankee basement?
They call it a “Yankee basement” or, well, sometimes a “root cellar,” where basically you take the interior perimeter of the foundation wall, move in about 2½, 3 feet and then dig down there. So you leave this sort of berm of soil to support the foundation that’s under the footing.
What is considered partially finished basement?
A partially finished basement has finished and unfinished areas. For instance, many people will have a fully finished living area and maybe a bedroom or half bathroom in their basement. These areas will have fully finished walls, floors, and ceilings with all utilities done correctly.
What do you put in a finished basement?
16 of the Most Popular Uses for a Basement Home Bar. From sophisticated wine cellar to neighborhood pub to eclectic cocktail lounge–whatever you’re serving can be fun and festive in your own home bar. Game Room. Den or Informal Living Room. Wine Cellar. Theater / Media Room. Library. Extra Storage. Workout Room / Home Gym.
